Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Highway Holdings Limited (HIHO) Share Price

Media headlines about Highway Holdings Limited (NASDAQ:HIHO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Highway Holdings Limited earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.5175866029362 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Highway Holdings Limited (NASDAQ:HIHO) traded down 3.8070% during trading on Friday, reaching $3.5501. 5,007 shares of the company traded hands. The firm has a 50-day moving average price of $3.78 and a 200-day moving average price of $3.74. Highway Holdings Limited has a 52 week low of $3.10 and a 52 week high of $4.69. The company has a market capitalization of $13.50 million, a P/E ratio of 23.3559 and a beta of 0.20.

Highway Holdings Limited (NASDAQ:HIHO) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.31 million during the quarter. Highway Holdings Limited had a return on equity of 5.10% and a net margin of 2.94%.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Thursday, September 14th. Highway Holdings Limited’s dividend payout ratio (DPR) is presently 250.02%.

Separately, TheStreet downgraded shares of Highway Holdings Limited from a “b-” rating to a “c” rating in a research report on Friday, June 30th.

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About Highway Holdings Limited

Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company’s customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components.